2018 Energy Price Limits Review

Background

The WEM Rules require AEMO to carry out an annual review of the Energy Price Limits. AEMO engaged an independent consultant, Jacobs Group Australia Pty Ltd, to assist with the review.

Current Status

The Economic Regulation Authority (ERA) has approved AEMO’s proposed revised values for the Energy Price Limits for the 2018-19 Financial Year .The ERA’s determination is available on its website.

Approval of 2018-19 Energy Price Limits

On 8 June 2018, AEMO submitted its proposed revised values for the Energy Price Limits for the 2018-19 Financial Year to the ERA for approval. The proposed revised values are a Maximum STEM Price of $302/MWh and an Alternative Maximum STEM Price of $533/MWh. On 22 June 2018, the ERA approved AEMO’s proposed revised values for the Energy Price Limits. The Energy Price Limits are available on AEMO’s website.